Monthly GSE Refinance Activity SurgesMonthly government-sponsored enterprise refinances jumped to the highest level in more than a year. Government-supported refinances, however, fell to a new low.

Fed Reports Improvement in Mortgage MetricsThe Federal Reserve reported that residential loan production increased in quarter-over-quarter comparisons for the second quarter in a row -- though Fed data conflict with other sources. While mortgage debt outstanding was on the rise, loan delinquency was down.